RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) to Issue Monthly Dividend of $0.09

RiverNorth Opportunistic Municipal Income Fund, Inc. (NYSE:RMI) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.0889 per share on Thursday, December 31st. This represents a $1.07 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, December 15th.

RiverNorth Opportunistic Municipal Income Fund Stock Performance

Shares of NYSE RMI traded up $0.02 during midday trading on Friday, hitting $14.23. 2,475 shares of the company’s stock were exchanged, compared to its average volume of 22,134. RiverNorth Opportunistic Municipal Income Fund has a twelve month low of $13.11 and a twelve month high of $16.36. The stock’s 50 day moving average price is $14.98 and its 200-day moving average price is $15.21.

RiverNorth Opportunistic Municipal Income Fund Company Profile

RiverNorth Opportunistic Municipal Income Fund (NYSE:RMI) is a closed-end investment fund managed by RiverNorth Capital Management, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

RMI invests primarily in municipal securities issued by states, cities, counties, and other public authorities in the United States. Its opportunistic strategy may include exposure to a range of municipal bonds and other municipal-income investments, allowing the portfolio to pursue opportunities across different credit qualities, maturities, structures, and market conditions.

The fund is designed for investors seeking tax-advantaged income from a professionally managed portfolio of municipal investments.